The Japanese Yen is once again coming under scrutiny today after inflation data reveals the rationale for the Bank of Japan tilting toward a more hawkish stance earlier this week.
Gold prices and the Dow Jones sank as the US Dollar rallied. Supportive US GDP revisions bolstered hawkish Fed policy bets. Markets are vulnerable to thin trading conditions.
We have seen some remarkable volatility from the markets heading into a known liquidity drain with the holiday weekend dead ahead. The volatility and breaks that we have seen from…
Risk off was in effect through Thursday trade and there was plenty of blame being foisted on rate forecasts and recession fears. Yet, the volatility is more likely a by-product…
Spot gold’s rally saw it test 1-week highs before finding resistance at the top of the wedge pattern. Will we see a breakout or another retracement toward the 200-day MA?